Harmonic Inc (HLIT)
Fixed asset turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 678,722 | 623,648 | 555,095 | 572,318 | 607,907 | 605,149 | 633,684 | 635,167 | 624,957 | 616,427 | 587,010 | 543,012 | 507,149 | 482,873 | 451,444 | 411,990 | 378,831 | 369,481 | 390,314 | 401,185 |
| Property, plant and equipment | US$ in thousands | — | — | — | — | — | 58,564 | 37,626 | 38,936 | 65,283 | 65,689 | 68,787 | 42,577 | 73,689 | 73,064 | 74,549 | 43,136 | 43,141 | 41,915 | 41,341 | 37,091 |
| Fixed asset turnover | — | — | — | — | — | 10.33 | 16.84 | 16.31 | 9.57 | 9.38 | 8.53 | 12.75 | 6.88 | 6.61 | 6.06 | 9.55 | 8.78 | 8.82 | 9.44 | 10.82 |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $678,722K ÷ $—K
= —
Fixed asset turnover is a measure of a company's efficiency in generating sales revenue from its investment in fixed assets. Harmonic Inc's fixed asset turnover fluctuated over the past few years, starting at a high of 10.82 in March 2020 and experienced a downward trend, reaching a low of 6.06 in June 2021. Since then, the ratio has somewhat recovered, showing signs of improvement.
The company's fixed asset turnover ratio picked up significantly in the most recent periods, reaching 16.31 in March 2023 and further increasing to 16.84 by June 2023. This surge in the ratio may indicate that Harmonic Inc has been able to maximize the utilization of its fixed assets more efficiently to generate sales.
However, it is important to note that the ratio for December 2023 and subsequent periods is not available (indicated as "—"), which limits a comprehensive analysis of the company's recent performance in this aspect. Monitoring the fixed asset turnover ratio and analyzing the underlying reasons for its fluctuations can provide valuable insights into Harmonic Inc's operational efficiency and asset management strategies.
Peer comparison
Dec 31, 2024